View allAll Photos Tagged Transactional
In July 2013 Carey Watermark Investors Inc. purchased a 75% joint venture interest in the 226-room Fairmont Sonoma Mission Inn resort from Fairmont Hotels & Resorts in a transaction valued at an aggregate $82 million: $76.6 million purchase price plus $5.4 million in renovations and acquisition cost.
CWI's interest in the joint venture is 75 percent while Fairmont will retain a 25 percent ownership interest. The joint venture's total investment in the property is approximately $97.1 million, which was financed with $44 million of debt. CWI's investment is approximately $73.3 million, including its allocated portion of debt. The first phase of an approximate $10.7 million renovation is nearing completion and includes the updating of all Heritage Rooms, a complete redesign of the lobby and fine dining room, Sante, as well as the creation of a new lobby bar. Additional work is planned over the next two years including the spa.
Carey Watermark Investors is W. P. Carey’s non-traded REIT that was formed to take advantage of current and future opportunities to invest in the lodging industry and lodging-related properties.
Carey Watermark Investors Inc. owns other significant hotels such as the - Holiday Inn Manhattan 6th Avenue New York, NY; Lake Arrowhead Resort & Spa Lake Arrowhead, CA; Hyatt French Quarter New Orleans, LA; and the Westin Atlanta Perimeter North Atlanta, GA.
The transaction comes just over one year after Fairmont acquired the remaining stake in the Mission Inn from Crescent Real Estate Equities L.P. Fairmont has been hotel's management since 2002, when the company acquired a 19.9% ownership position in the property and took over management.
Michael Medzigian, CEO of CWI, said in a prepared statement.“Given the strong market and the high barriers to entry, we believe that this investment is consistent with our strategy of sourcing and investing in opportunities where we can joint venture with owners to maximize the current value of the asset, create a solid financial platform for future operations and achieve attractive risk-adjusted returns for our investors,”
Fairmont Sonoma Mission Inn & Spa Statistics:
Year: - - - - 2008 - 2009 - 2010 - 2011 - 2012 - 2013
Occupancy - - 73.70% 69.40% 72.60% 71.20% 68.20% 68.70%
ADR - - - - $312.12 $260.02 $262.91 $285.87 $309.63 $312.09
RevPAR - - - $230.19 $180.49 $190.87 $203.65 $211.31 $214.33
Crescent Real Estate Equities, an investment trust, bought the property in 1996. Crescent defaulted on a $55 million loan in 2011. The resort was scheduled for a foreclosure auction in Santa Rosa in January, 2012 but was pulled from the sale by lenders. Fairmont Hotels acquired full ownership of the Fairmont Sonoma Mission Inn & Spa, at an undisclosed price. The resort was reportedly listed for $100 million. Jennifer Fox, Fairmont President said “We believe the timing is right to support strategic acquisition opportunities and fund future growth of our brand.”
Rick Corcoran's is the current General Manager at Fairmont Sonoma Mission Inn & Spa. He previously was the Hotel Manager at the Fairmont Hotel Vancouver and the Director of Food and Beverage at Fairmont San Francisco.
www.etsy.com/transaction/48814571
Spread the joy of spring with this darling little journal!
This small jotter is the perfect gift for someone who is always on the go. At 5.5"x4.25", this hand stab-bound journal is sized just right for stashing in a purse or bag. It contains 24 sheets of white, unlined 65lb acid and lignin free card stock flecked with color, and the cover is canvas-textured green card stock.
The writing/drawing surface is smooth and is perfect for pen and pencil. (marker may bleed through.)
This journal is bound with hemp cord to give it an earthy, natural look.
SOLD!
This image is from Suburban Bird Studios' Etsy shop and is © Carly "Birdie" Tuma 2011.
Attention pls,
Firstly, I must solicit your confidence in this transaction, Although Let me start by introducing myself properly to you. I am Ahmed M Kuruma, the Manager with Ghana International Bank Plc London. I need a reliable and honest person to handle a very confidential transaction, which involves transfer of a huge sum of money to a foreign account.
A foreigner, (LATE ENGR NAZIR ZOHOOR) an oil Merchant /contractor with the Government of Ghana, until his death some years ago in a ghastly air crash, banked with us here a closing balance of USD$10.2M (Ten Million, Two Hundred Thousand United States Dollars) which the bank now expects to be claimed by any of his available Relative without that it will be Considered frozen.
Valuable efforts are being made by the (G.I.B London) to get in touch with any of late Engr's next of kin (he did not make known his wife or children) to the Bank or to me as the manager. Now the board of directors, are making arrangement for the fund to be declared "UNCLIAMABLE” and then be subsequently becomes Bank's money. In order to avert this negative development, that is why, I seek for your permission to have you stand as the next of kin so that the fund, USD$10.2M, would subsequently paid into your bank account as the beneficiary by inheritance.
All documents and proves to enable you get this fund have been carefully worked out and I am assuring you 100% risk free involvement. Your share would be 30% of the total amount $10.2m. While the rest 70% would be for my investment in your country. Kindly get back to me immediately.
Ahmed Mohammed Kuruma,
Ghana International Bank London
Protestors hold up signs for a Financial Transaction Tax as Tom Morello of Rage Against the Machine entertains the crowd at the Nurses Campaign to Heal the World rally at Daley Plaza as part of the 2012 N.A.T.O. Summit in Chicago.
www.etsy.com/transaction/48478069
Spread the joy of spring with this darling little journal!
This small jotter is the perfect gift for someone who is always on the go. At 5.5"x4.25", this hand stab-bound journal is sized just right for stashing in a purse or bag. It contains 30 sheets of white, unlined 65lb acid and lignin free card stock flecked with color, and the cover is canvas-textured green card stock.
The writing/drawing surface is smooth and is perfect for pen and pencil. (marker may bleed through.)
This journal is bound with hemp cord to give it an earthy, natural look.
Featured in the Appalachian Spring treasury: www.etsy.com/treasury/4db42bc17bf16d91c00b841d/appalachia...
SOLD!
This image is from Suburban Bird Studios' Etsy shop and is © Carly "Birdie" Tuma 2011.
A short sale is a real estate transaction in which the sale price of a home is lower than the total value of the mortgage. Short selling a home is a great option for homeowners who are behind on their payments and want to avoid a foreclosure. If this sounds like you, give us at AZ Home Help a call at 480-241-4406. We’ll be happy to discuss options available to you and help you get out from under your updside-down mortgage. To learn more, you can visit us on the web: goo.gl/mke9F
www.etsy.com/transaction/48814571
Spread the joy of spring with this darling little journal!
This small jotter is the perfect gift for someone who is always on the go. At 5.5"x4.25", this hand stab-bound journal is sized just right for stashing in a purse or bag. It contains 24 sheets of white, unlined 65lb acid and lignin free card stock flecked with color, and the cover is canvas-textured green card stock.
The writing/drawing surface is smooth and is perfect for pen and pencil. (marker may bleed through.)
This journal is bound with hemp cord to give it an earthy, natural look.
SOLD!
This image is from Suburban Bird Studios' Etsy shop and is © Carly "Birdie" Tuma 2011.
www.etsy.com/transaction/48814571
Spread the joy of spring with this darling little journal!
This small jotter is the perfect gift for someone who is always on the go. At 5.5"x4.25", this hand stab-bound journal is sized just right for stashing in a purse or bag. It contains 24 sheets of white, unlined 65lb acid and lignin free card stock flecked with color, and the cover is canvas-textured green card stock.
The writing/drawing surface is smooth and is perfect for pen and pencil. (marker may bleed through.)
This journal is bound with hemp cord to give it an earthy, natural look.
SOLD!
This image is from Suburban Bird Studios' Etsy shop and is © Carly "Birdie" Tuma 2011.
American Transaction Processors Coalition DC Fly In
Patrick Greer Policy Director
(ATPC) 678-431-5137
patrick@atpcoalition.com
June 13th
1:00pm- Board Meeting (Whitmer & Worrall, 1401 H St NW, Washington, DC)
6:00pm- Board Reception (Van Scoyoc Associates, Penthouse, 800 Maine Ave SW, Washington, DC 20024
Michael P. Mills
Chief Operating Officer
American Transaction Processors Coalition
404.680.0176
michael@atpcoalition.com
1180 West Peachtree Street NW
Suite 1800
Atlanta, GA 30309
Angela Acampora
Angela@whitmerworrall.com
American Transaction Processors Coalition DC Fly In
Patrick Greer Policy Director
(ATPC) 678-431-5137
patrick@atpcoalition.com
June 13th
1:00pm- Board Meeting (Whitmer & Worrall, 1401 H St NW, Washington, DC)
6:00pm- Board Reception (Van Scoyoc Associates, Penthouse, 800 Maine Ave SW, Washington, DC 20024
Michael P. Mills
Chief Operating Officer
American Transaction Processors Coalition
404.680.0176
michael@atpcoalition.com
1180 West Peachtree Street NW
Suite 1800
Atlanta, GA 30309
Angela Acampora
Angela@whitmerworrall.com
www.etsy.com/transaction/48478069
Spread the joy of spring with this darling little journal!
This small jotter is the perfect gift for someone who is always on the go. At 5.5"x4.25", this hand stab-bound journal is sized just right for stashing in a purse or bag. It contains 30 sheets of white, unlined 65lb acid and lignin free card stock flecked with color, and the cover is canvas-textured green card stock.
The writing/drawing surface is smooth and is perfect for pen and pencil. (marker may bleed through.)
This journal is bound with hemp cord to give it an earthy, natural look.
Featured in the Appalachian Spring treasury: www.etsy.com/treasury/4db42bc17bf16d91c00b841d/appalachia...
SOLD!
This image is from Suburban Bird Studios' Etsy shop and is © Carly "Birdie" Tuma 2011.
Heather Harde of TechCrunch signing the giant check for Mint,
winner of the TechCrunch 40 grand prize
si
How do you determine the value of something?
We recently sold our house. The buyer, I think got a good deal and we see value in the freedom to move elsewhere.
That process of determining value in a sell or buy transaction has been the topic of many cycles of idle thought for me in the last few months.
I suppose your friendly neighborhood free-market-economist accountant would say that the value of something is the relative amount it would fetch in an open transaction. "Something is only worth what someone will pay for it."
I suppose a philosopher would argue with that stance and say that in order for that assertion to be true no thing would hold value until the time it is sold. What of human life? Has no human life held value since slavery?
Does value have to be measured in terms of currency? What of emotion?
Certainly many of the universe-denting products we all enjoy, like the iPod, enjoy some blend of emotion and value. Apple fans LOVE their Mac. Honda fans LOVE their Accord. (Country music singers call them both yuppies.)
We aren't in any particular hurry to get under another mortgage but we did find a home we LIKED that week. What a dangerous concept: allowing emotion in a transaction like a house.
I've always found a way to look at the things that I don't love about a negotiably priced item versus those things I do. If you come to the bargaining table willing to not buy the item at all, it seems to be a much stronger stance than being all googly-eyed and desperate. But, you have to be willing to walk away.
Take, this house. Six months ago someone offered $60k more than we did.
Yet, they aren't in it - now, are they?
Still, as a seller, it would be easier to sit back and say "well, it was worth this amount to one person, I FEEL someone else will come along."
But as a buyer, I had to remind myself today that a property is only worth what it is worth TO ME - as it sits.. We see homes with tremendous potential, plenty of them. But, you shouldn't pay for potential and when trading money for any item, it is probably a valuable lesson to keep that things are only worth the sum of their parts in the state they are in. Irregardless of their cost or your own emotion regarding it. "I FEEL this is worth ..."
I write all this because I found a tremendous amount of liberation in the idea of offering for something what I'm willing to pay for it and not feeling the pressures of comparables and what is deemed fair. I'm sure I come across on the other side of this like a complete butt or a flake. The people will likely turn down the offer we sent them. I can live with that. In the off chance they accept it, I can live with that, too.
Either way, I just gave you the secret to stress-free home-or-car shopping. That's gotta be worth something, right?
:)
Canadian Robin Hood Tax campaigners visit British High Commission to press
for Financial Transaction Tax.
In Solidarity w/ ACT-UP
Teach-in on the (FTT) Financial Transaction Tax
Renee Ruiz - National Nurses United
In July 2013 Carey Watermark Investors Inc. purchased a 75% joint venture interest in the 226-room Fairmont Sonoma Mission Inn resort from Fairmont Hotels & Resorts in a transaction valued at an aggregate $82 million: $76.6 million purchase price plus $5.4 million in renovations and acquisition cost.
CWI's interest in the joint venture is 75 percent while Fairmont will retain a 25 percent ownership interest. The joint venture's total investment in the property is approximately $97.1 million, which was financed with $44 million of debt. CWI's investment is approximately $73.3 million, including its allocated portion of debt. The first phase of an approximate $10.7 million renovation is nearing completion and includes the updating of all Heritage Rooms, a complete redesign of the lobby and fine dining room, Sante, as well as the creation of a new lobby bar. Additional work is planned over the next two years including the spa.
Carey Watermark Investors is W. P. Carey’s non-traded REIT that was formed to take advantage of current and future opportunities to invest in the lodging industry and lodging-related properties.
Carey Watermark Investors Inc. owns other significant hotels such as the - Holiday Inn Manhattan 6th Avenue New York, NY; Lake Arrowhead Resort & Spa Lake Arrowhead, CA; Hyatt French Quarter New Orleans, LA; and the Westin Atlanta Perimeter North Atlanta, GA.
The transaction comes just over one year after Fairmont acquired the remaining stake in the Mission Inn from Crescent Real Estate Equities L.P. Fairmont has been hotel's management since 2002, when the company acquired a 19.9% ownership position in the property and took over management.
Michael Medzigian, CEO of CWI, said in a prepared statement.“Given the strong market and the high barriers to entry, we believe that this investment is consistent with our strategy of sourcing and investing in opportunities where we can joint venture with owners to maximize the current value of the asset, create a solid financial platform for future operations and achieve attractive risk-adjusted returns for our investors,”
Fairmont Sonoma Mission Inn & Spa Statistics:
Year: - - - - 2008 - 2009 - 2010 - 2011 - 2012 - 2013
Occupancy - - 73.70% 69.40% 72.60% 71.20% 68.20% 68.70%
ADR - - - - $312.12 $260.02 $262.91 $285.87 $309.63 $312.09
RevPAR - - - $230.19 $180.49 $190.87 $203.65 $211.31 $214.33
Crescent Real Estate Equities, an investment trust, bought the property in 1996. Crescent defaulted on a $55 million loan in 2011. The resort was scheduled for a foreclosure auction in Santa Rosa in January, 2012 but was pulled from the sale by lenders. Fairmont Hotels acquired full ownership of the Fairmont Sonoma Mission Inn & Spa, at an undisclosed price. The resort was reportedly listed for $100 million. Jennifer Fox, Fairmont President said “We believe the timing is right to support strategic acquisition opportunities and fund future growth of our brand.”
Rick Corcoran's is the current General Manager at Fairmont Sonoma Mission Inn & Spa. He previously was the Hotel Manager at the Fairmont Hotel Vancouver and the Director of Food and Beverage at Fairmont San Francisco.
Sign up for the Bazaar Bizarre raffle to win this awesome "Points Cuff" from Project TransAction! Entirely handmade from recycled burgundy saddle scrap leather, this cuff features a bullseye branded pattern overlaid with black soft and supple 5 oz. leather. Embellished with a mix of steel and brass studs, this cuff will make you feel like you can take on the world...and win! Measures 1.5" wide, 7" long. Secures with one steel snap (minor adjustments made on-site!)
The Bazaar Bizarre happens as part of the Maker Faire in San Mateo, May 30-31.
Parcel P-4
Old Slater Mill Association
The deed transaction takes place as Stuart A. Woodruff, Chairman of the Slater Mill, hands check to Joseph Silva, Federal Funds Controller, Pawtucket Redevelopment Agency, left. Sharing the "moment" are, left, Lewis Miller, Old Slater Mill Accountant and Robert D. Chase, Old Slater Mill Trustee.
BZi Technologies
A transaction is a piece of processing initiated by a single request. The request is typically made by an end-user at a terminal. However, it could be made from a Web page, from a remote workstation program, or from an application in another CICS® region; or it might be triggered automatically at a predefined time. The CICS Internet Guide and the CICS External Interfaces Guide describe different ways of running CICS transactions.
A single transaction consists of one or more application programs that, when run, carry out the processing needed
American Title Services of Greenwood Village, Colorado offers a wide variety of products and services to enhance every aspect of a real estate transaction, both residential and commercial. With offices throughout the greater Denver metro area and the Front Range of Colorado, we are here to help make every closing, every client and every person involved in a transaction feel well informed, valued, and a welcomed part of the event.
American Title Services
3665 John F. Kennedy Pkwy Suite 1-300
Fort Collins, CO 80525
Phone: (970) 658-9120
Contact Person: Richard Talley
Contact Email: ftc@americantitleservices.tk
Website: www.AmericanTitleServices.com
You Tube URL: www.youtube.com/watch?v=nLubcbAV72Q
You Tube URL: www.youtube.com/watch?v=4Ltbi86kcxY
You Tube URL: www.youtube.com/watch?v=F_UaR7UvjSQ
Main Keywords:
title company, title services, real estate escrow, title companies, title insurance, transaction coordination, construction loan disbursements, plat approvals and certification • on site closings, foreclosure guarantees, 1031 exchanges